An Integrated Speciality Steel

&

Global Wire Rope Company

STRENGTH THROUGH INTEGRATION

Business Profile

Note: Turnover reported above represents Gross level of activities and are without adjusting inter unit/company sales

Net TurnoverStand AloneRs 1,850 Crs

ConsolidatedRs 2,514 Crs

STRENGTH THROUGH INTEGRATION

Consolidated Key Financials

Rs in Crs

STRENGTH THROUGH INTEGRATION

Net Turnover & EBIDTA Margin

Debt & DE Ratio

PAT & EPS

Financial Trends

ROCE & RONW

R s in C r s

R s in C r s

Rs

R s in C r s

(X )

Global Footprint

Aberdeen, UKGlasgow ,UK

Norway

Baku

Houston

Dubai

Jamshedpur

Bangkok

Johannesburg

Singapore

Sales Office EMMC CentersManufacturing Facilities Distribution Centers

Nottinghamshire,UK

Vietnam

Ranchi

Australia

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Canada

HoshiarpurJakarta

Rotterdam

Agra

Kolkata

Corporate Office

London

5

California

Iron Ore & Coal Mines(Jharkhand)

Value Addition by Value Addition by VolumeVolume

STRENGTH THROUGH INTEGRATION

Value Addition to Steel Consolidated

Revenue Revenue Distribution Distribution

(FY10)(FY10)

Lime Kiln & Producer

Gas 100 TPD

Architecture of Integrated Business

Mineral Resource Power Module Iron Making Module

Distribution Marketing & Service Module

Value Addition Module

Steel MakingModule

SMS I & II EAF 35 T & 40 T

LF & VD 150 x 150 &

110x110 Caster

SMS IIIEAF 70 T LF & VD 360 X 300

Bloom Caster

Blooming & Section

Mill275 KT

Cord 5 KTBright Bar

36 KT OT Wire 6 KT

Ongoing Capex Plan

Iron Ore Mine Est. Reserve 80 MT

Crushing & Screening

25 MWThermal

3.3 MWMBF

15 MWWHRB

20 MWThermal Ranchi

Singapore

Bangkok

Indonesia

Vietnam

Bangladesh

Australia

New Zealand

Dubai

Saudi Arabia

Netherland

South Africa

Glasgow

Houston/ California

Canada

EMMC

Aberdeen

Baku

Norway

30 MWThermal

Total - 93.3 MW

400 KT

Blast Furnace200 KT DRI

300 KT

Sinter Plant

800 KT

1,000 KT Billets

Wire Rod Mill

400 KTSection Bar

Mill50 KT

TMT Bars72 KT

Washing Plant

Coal Block – “A- C” gradeEst. Reserve 40 MT

Oxygen5000 CM/H

Ranchi 174 KTHoshiarpur 52 KTJamshedpur 30 KTBangkok 44 KTUK 10 KTDubai 16 KT

STRENGTH THROUGH INTEGRATION

Production Volume GrowthConsolidated

26%

BilletsRolled

ProductsBright Bars

Wires & Strands

Wire Ropes

Q o QQ o Q

Y o YY o Y

57%

48%

41%

3%

5%

20%

16%

16%

12%

Note: Figures includes production during trial runs.Note: Figures includes production during trial runs.

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Financial Highlights Consolidated

9%

15%

140%

9%

Financial Performance Consolidated

ParticularsQtr IVFY 10

QoQ 12 M FY 10

YoY

Gross Sales 678.82 2630.33

Net Sales 644.47 2514.41

PBDIT% of Sales

141.0521.9 %

495.0119.7 %

PBT 72.58 240.04

Net Profit 69.20 168.62

EPS 2.36 6.46

9 %

38 %

64 %

140 %

105 %

9 %

15 %

7 %

14 %

9 %

13 %

16 %

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Particulars Mar – 10 Mar – 09

ROCE (%) 18.1% 24.1%

RONW (%) 13.7% 19.2%

EPS (FV Rs 1/-) (Rs) 6.5 7.4

Debt Equity Ratio (x) 1.0 2.0

Debt / EBITDA Ratio (x) 3.5 4.3

Interest Cover (x) 3.9 3.7

Financial Ratios Consolidated

Including capex L/C’s

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Sales RealisationQ o PQ (Standalone)

Rs per Mt

Wire Rods & Bar (43%)

Bright Bar (3%)Wire & Strand (24%)

Wire Ropes (30%)

5 % 1 %

1 %3 %

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Sales RealisationQ o Q (Standalone)

Rs per Mt

Wire Rods & Bar (43%)

Bright Bar (3%)Wire & Strand (24%)

Wire Ropes (30%)

1 % 6 %

10 %4 %

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Sales RealisationY o Y (Standalone)

Rs per Mt

Wire Rods & Bar (38%)

Bright Bar (4%)Wire & Strand (23%)

Wire Ropes (35%)

23 % 15 %

10 %18 %

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Key Highlights

Successful commissioning of projects.

MBF, Sinter Plant & 20 MW CPP to be commissioned in H1 & H2 of FY'11.

Coal mines fully operational.

Weak business conditions affecting selling prices & margins though of late indications of improvements.

Equity raising of Rs.468.15 Crs helped to reduce gearing from 2.0 to 1.0, including capex L/Cs.

STRENGTH THROUGH INTEGRATION

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Cost Optimisation Plan

Enhanced capacities with improved business conditions are likely to be positive for performance.

Plans to further increase cost competitiveness by setting up –

Coke Oven Plant

Pellet Pant

DRI Plant

Power Plant

Ore Beneficiation facilities

Estimated project outlay of Rs 1,200 Crores to be funded by Debt & internal accruals over a period of 36 months.